G20 adopts IMF-FSB Synthesis Paper on crypto regulation

On Oct. 13, the Group of Twenty (G20) — an intergovernmental discussion board comprising 19 sovereign international locations, the European Union and the African Union — unanimously adopted the “G20 Finance Ministers and Central Financial institution Governors Communique” throughout its assembly in Marrakesh, Morocco.

G20 members accepted the crypto regulatory roadmap proposed in a joint report by the Worldwide Financial Fund (IMF) and the Monetary Stability Board (FSB) in September titled “IMF-FSB Synthesis Paper: Insurance policies for Crypto-Belongings.“ The G20 states:

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